952 Carnation Ln, Cape Fair, MO 65624
This exceptional 1,500-acre property boasts a prime location on Table Rock Lake in Cape Fair, Missouri (zip code 65624, APN 10-3.0-06-000-000-004.002). Owned by Table Rock Land, LLC, this expansive land parcel offers unparalleled development potential. The property features three distinct areas zoned for multiple boat slips, a rare and highly sought-after characteristic on Table Rock Lake, where only 10% of the shoreline is designated for such zoning by the Corps of Engineers. Access is provided via two convenient entrances: Highway 76 and Forest Road 2150, traversing the scenic Piney Creek Wilderness area. The property's versatility makes it ideal for a variety of large-scale commercial developments, including master-planned communities, RV parks, lakefront housing with boat slip access, or a luxurious family compound. Its abundant acreage also lends itself to recreational pursuits such as hunting, fishing, horseback riding, and boating. With Table Rock Lake's 800 miles of shoreline, this property presents a unique investment opportunity, particularly suitable for 1031 exchange purposes. The asking price for this remarkable property is $10,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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